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NEW QUESTION: 1
Which disaster category includes large floods, hurricanes, earthquakes, and wars that affect areas of hundreds to tens of thousands of square miles/kilometers?
A. regional event
B. metropolitan area disaster
C. building-level incident
D. walking disaster
Answer: A
NEW QUESTION: 2
Which of the following procedures would an auditor most likely perform to obtain evidence about the
occurrence of subsequent events?
A. Confirming bank accounts established after year-end.
B. Inquiring of the entity's legal counsel concerning litigation, claims, and assessments arising after
yearend.
C. Recomputing a sample of large-dollar transactions occurring after year-end for arithmetic accuracy.
D. Investigating changes in stockholders' equity occurring after year-end.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "c" is correct. The auditor would most likely inquire of the entity's legal counsel concerning
litigation, claims and assessments arising after year-end in order to obtain evidence about the occurrence
of subsequent events. Claims arising after year-end might well impact the year-end financial statements.
Choice "a" is incorrect. Recomputing a sample of large-dollar transactions occurring after year-end for
arithmetic accuracy would not provide evidence about year-end amounts.
Choice "b" is incorrect. The auditor would inquire about changes in stockholders' equity occurring after
year-end, but would not generally perform an investigation of such items.
Choice "d" is incorrect. Confirming bank accounts established after year-end is generally not done (only
those in existence at year-end are confirmed). Accounts established after year-end generally would not be
relevant to year-end amounts.
NEW QUESTION: 3
Refer to the exhibit.
In an integrated cost and financial accounting system, the accounting entries for factory overhead absorbed would be:
A. Option B
B. Option A
C. Option C
D. Option D
Answer: B
NEW QUESTION: 4
Which filter type can you use within a Business Intelligence story? (There are 2 correct answers to this question)
A. Data sequence
B. Static
C. Dynamic
D. Level
Answer: B,C
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